Competition is heating up in Craigieburn, with land prices coming down, and being more affordable than ever.
Stockland Land prices are starting from $136,000 in Highlands, with a promotion running on selected land and house & land packages including the bonus of not having to pay energy bills for 3 years. See Stockland’s website for more info.
The Aston estate has land prices starting at $165,000, on the southern side of Craigieburn Road, with a promotion covering up to $7,000 in landscaping costs. See Aston’s website for more information.
We don’t believe this is a sign that the value of property in Craigieburn is falling, just that Stockland and builders are now utilising smaller lots and building smaller homes for new entrants and young families just entering the property market.
In recent news, Stockland has suggested some of it’s strengths and profitability can be attributed to smaller land sizes, as families seek affordable housing, without wasting unnecessary space.
We expect Craigieburn, one of Melbourne’s growth suburbs to gain value in the coming years, as property prices in the state stabilise, and the benefits of a well planned community are realised, when new facilities such as the Craigieburn Town Centre, new Highlands Hotel, Learning Centre and Gymnasium are all delivered in the coming years.
For those wanting perhaps a little more land and don’t mind living a little further out, but still have close access to all the great amenities in development, and those Craigieburn already has to offer, you might also consider the new Trillium Land release in Mickleham, which adds further competition in house & land pricing in this bustling area.
